Trading Strategies: .SPX, COIN, NVDA, AAPL& AMZN
Hello everyone! Today I want to share some trading strategies with you! Hope it can help you!
1.
High Probability $NVIDIA Corp(NVDA)$ Bounce Trade that Paid 500%+ Explained 👇
Leading into last Monday, $NVIDIA Corp(NVDA)$ had dropped over 200 pts since early March. On the daily chart it was oversold in the short term.
After NVDA held a higher low on Monday at 764 and reclaimed 770, this was the first entry point for calls. I took the NVDA 810C at $11.00 and they eventually ran to $70+ by Friday.
The next best entry point was NVDA near 800. NVDA ran to 840 by Wednesday. We saw a sell off on Wednesday but after NVDA reclaimed 800 on Thursday this was again another entry point for NVDA and it closed near 829. NVDA gapped above 840 on Friday and ran to 883. I ended up taking the 850C,860C,870C, and 880C on Friday and they all paid.
It's important to watch the key support and resistance levels to gauge where to consider your entries during times of momentum as we saw last week.
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2.
$NVIDIA Corp(NVDA)$ Trade Idea: May 3 920C
Trigger: Above 867
Target: 919
Stop: 850
If NVDA can hold a higher low above 850 after FOMC we should see a run to 900. Calls can work above 867 this week.
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Earnings Trade Idea: May 3 270C 💡
Target: 276 🎯
COIN reports ER on Thursday After Hours (30 pt move priced in). We may see 276-288 if there is a pos reaction to ER.
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$S&P 500(.SPX)$ resilient price action last week after a 100 pt last Thursday.
FOMC + $Apple(AAPL)$ $Amazon.com(AMZN)$ $Advanced Micro Devices(AMD)$ $SUPER MICRO COMPUTER INC(SMCI)$ earnings as well.
If $S&P 500(.SPX)$ holds 5100 by Thursday we can see SPX run to 5200-5240 in the next 2 weeks. Keep an eye on SPX above 5100 for the upside and SPX under 5K to consider puts.
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